Feeds

Is there a dark end for TheStreet.com?

And other ebiz titbits

  • alert
  • submit to reddit

The essential guide to IT transformation

Online financial information company TheStreet.com has admitted its summer relaunch has been a bit of a flop and ad revenue has been 'disappointing'. It is now 'evaluating opportunities' to link with other financial news providers. Content distribution deals have been held up by technical hitches.



Travel booking site Ebookers has moved into financial services via a website launched with Moneygator.com.




Colt Telecom has signed a deal with HP to create 20-24 ebusiness centres - places offering web hosting and application service provision. The investment is estimated to be tens of millions of euros.




GorillaPark - the pan-European Internet business accelerator - has set up shop in France. It will be headed by former venture capitalist, Jean-Emmanuel Rodocanachi.




Energis raised £400m for network extension through the issue of 77.7 million new shares yesterday. The issue caused share price to fall 11.3 per cent. The money, according to chief exec Mike Grabiner, is to "enable us to develop further our business in the UK and continental Europe, to leverage our extensive network and improve local access by exploiting new technologies". What this means in reality is that Energis is gearing up to take advantage of local loop unbundling and buy radio licences for point-to-point Net connection. Grabiner also made some unpleasant comments about how useless Oftel is.




Vodafone will buy a further 8.5 per cent stake in Airtel for £1.5 billion - increasing its total stake to 73.7 per cent. It also has the option of buying another 9 per cent. Airtel is Spain's second largest mobile company.




Cable & Wireless has sold a quarter of its stake in Pacific Century Cyberworks for nearly £1 billion. The sale fits C&W's strategy of selling non-essential companies in its bid to become a data centre and Net service monster. It was prevented from selling any more shares, and can't sell any more until February. The remaining shares after that can be sold off six


months further down the line. ®



For more dull financial stories click here to visit our Cash Register.

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?